TUC Response: A Long-Term Focus for Corporate Britain

TUC response to BIS call for evidence

The TUC very much welcomes this opportunity to respond to the BIS call for evidence on A Long-Term Focus for Corporate Britain. The consultation raises some of the most important issues and challenges facing the UK economy today, with major implications for our competitiveness and economic success as a country and for the different interests and stakeholder groups involved. The TUC represents over six million members in 58 trade unions. Many of our members work in companies, and are directly affected by the practices and performance of their employers. They are also, through their pension funds, the beneficiaries of investment in UK (and global) companies, with a stake in the long-term success of the corporate sector as a whole. And they, along with the whole of the UK population, are affected by the UK's overall economic performance, to which the corporate sector is such a major contributor.

The TUC has for many years been raising concerns around many issues raised in the consultation document and we believe that this consultation is timely and apposite. We hope that the Government will have the courage to face down vested interests and take effective action to address the important issues it has raised.

This response answers most of the questions raised in the consultation, but we have altered the order of some answers in order to fit the narrative of our submission.

Download TUC Response: A Long-Term Focus for Corporate Britain [PDF]